1203 E 11th St - Apartments FOR SALE


Davenport, IA 52803- East End
$2,550,000 USD
847-533-0613
1203 E 11th St, Davenport, IA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/24
null | 7.32% Cap Rate

1203 E 11th St
Davenport, IA 52803
East End


HIGHLIGHTS

  • 44 Units | Available Individually or as a Portfolio

OVERVIEW

Marcus & Millichap is pleased to present Carriage Hill Apartments, a 44-unit multifamily asset located in Davenport, Iowa, within the established East End neighborhood of the Quad Cities metro. The property consists of 44 one-bedroom, one-bath units, offering efficient layouts designed to meet the needs of workforce housing tenants. Carriage Hill features secure entry, on-site laundry facilities, and detached garage parking, providing an additional amenity that supports tenant retention and potential ancillary income. Located near the Village of East Davenport, downtown Davenport, and the Mississippi Riverfront, the property benefits from immediate access to employment centers, retail corridors, and lifestyle-driven neighborhood amenities. Davenport’s East End remains one of the city’s most established residential neighborhoods, known for its historic character, walkability, and proximity to parks, shopping, and dining. The location provides tenants with convenient access to major educational institutions including Palmer College of Chiropractic, St. Ambrose University, and Augustana College, helping support a steady renter base from both students and local professionals. Its central infill location and access to major transportation corridors further reinforce strong occupancy fundamentals and long-term leasing demand. With a metropolitan population exceeding 470,000, the Quad Cities region is supported by a diverse economic base spanning manufacturing, healthcare, logistics, and government employment. Major employers including John Deere, Genesis Health System, UnityPoint Health, Rock Island Arsenal, Amazon, and Kraft Heinz continue to drive regional economic growth and housing demand. Carriage Hill Apartments offers investors the opportunity to acquire a stabilized, well-located multifamily asset in one of the Quad Cities’ most established rental corridors.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

44

PRICE/UNIT

$57,955

CAP RATE

7.32%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carriage Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

R-4

APN/PARCEL ID

F0039-09

ASK ABOUT THIS PROPERTY

Yianni MouflouzelisMarcus & MillichapMore Info
847-533-0613

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Yianni MouflouzelisMarcus & MillichapMore Info
847-533-0613

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.